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150
Warren Buffet’s solution to the deficit: Anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection. I think it is a great idea. (twitter.com)
posted 364 days ago by brain_dead 364 days ago by brain_dead +150 / -0
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Comments (42)
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▲ 10 ▼
– Honor+Duty 10 points 364 days ago +10 / -0

And their pensions and benefits are voided.

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– brain_dead [S] 3 points 364 days ago +3 / -0

Of course. LOL

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– inspoken 2 points 364 days ago +2 / -0

Good point! This needs to be in it too because many would be happy to parachute out

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– ZeroDeltaTango 5 points 364 days ago +5 / -0

Another super smart super billionaire with no savvy

Congress would never in a billion years pass such a bill

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▲ 2 ▼
– brain_dead [S] 2 points 363 days ago +2 / -0

They are all corrupt.

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– gurumedit 4 points 364 days ago +4 / -0

I'm all for also tar and feathering all of them.

Or make them compete in gladiator arenas.

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▲ 2 ▼
– brain_dead [S] 2 points 364 days ago +2 / -0

Let's do that.

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– publ1us 2 points 364 days ago +2 / -0

Porque no los dos?

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– Larrie 3 points 364 days ago +3 / -0

They'll make us chase the real numbers,...that's all

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– SOGWAP 3 points 364 days ago +3 / -0

Theyed never truthfully disclose the GDP

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– brain_dead [S] 1 point 363 days ago +1 / -0

Oh I know it.

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– joanofsnark 3 points 364 days ago +3 / -0

Add it triggers an immediate recall and I like it

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– brain_dead [S] 2 points 363 days ago +2 / -0

Me too.

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– 11823 3 points 364 days ago +3 / -0

They’ll just put out BS numbers as a formality to get elected.

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– MAGAnic316 2 points 364 days ago +2 / -0

This ☝️

They’ll just change the definition of what a “deficit” is.

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– brain_dead [S] 1 point 363 days ago +1 / -0

Oh true. Lie cheat and steal is their games.

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– KnockKnockItsJinx 1 point 363 days ago +1 / -0

Hopefully every single one will end up vetted because of blackmail corruption.

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– inspoken 3 points 364 days ago +3 / -0

Speaking of Buffet, where do you think his loyalty lies? He doesn't seem to make comments pro or anti Trump much. Patrick Byrne refers to him as a mentor & Byrne fled in fear of the cabal & also funded some of the work Rudy & Sydney Powell were doing to expose voter fraud, etc

He also did some things in conjunction with Bill Gates too. Although, I guess that 'friendship' has soured some.

Nevertheless, Buffet must can't be ignorant to what's going on.

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– brain_dead [S] 2 points 363 days ago +2 / -0

Truly I do not know about Buffet.

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– inspoken 2 points 363 days ago +2 / -0

Yeah, me neither. Hard 2 figure out & he probably keeps it that way for a good reason (maybe his own safety, maybe something else) I have him sketched in as a "grey hat" 4now but we'll see.....

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– brain_dead [S] 1 point 363 days ago +1 / -0

True.

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– PhDinNY 3 points 364 days ago +3 / -0

I'm generally not a fan of wealth confiscation, but how's this for a plan: For everyone with a net worth over $2,000,000, half of their net worth over that 2 million will be used to pay off the national debt. For the multi-millionaires, half of that excess may hurt, but if they truly made their millions honestly, they would likely be able to make it back to the level after the one-time national debt tax is implemented. For the truly filthy rich, they would still be filthy rich even if half of their excess wealth over one million is taken.

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– SOGWAP 2 points 364 days ago +2 / -0

All the personal wealth in the nation won't be enough to pay the debt.

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– Panzershrekt 2 points 364 days ago +2 / -0

And a country this large will spend infinitely faster than all the billionaires combined can earn.

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– brain_dead [S] 2 points 363 days ago +2 / -0

Wealth confiscation is communist regime technique.

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– inspoken 1 point 363 days ago +1 / -0

I bet that guy is a paid troll. Why would he just keep going off on his 'idea' with me & not even consider our replies to it? Besides how many PhD's in NYC start trolling at 8AM sharp? Sounds like a job he reports to, imho

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– brain_dead [S] 1 point 363 days ago +1 / -0

Howls. Can't say for sure.

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– PhDinNY 2 points 364 days ago +2 / -0

I asked Grok to do the math, and here is the result: Final Estimate: Given the data, a reasonable range for half the excess wealth (above $2 million) for 31.5 million people is $15 trillion to $47 trillion, with a midpoint of around $31.5 trillion based on an average net worth of $4 million. This accounts for variability in wealth distribution and aligns with the conservative side of estimates.

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– inspoken 1 point 364 days ago +1 / -0

This is a lot closer to communion than socialism & it's something the cabal would love. How about just the assets of those so deeply invested in the cabal that they attack us on every turn?

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– PhDinNY 1 point 364 days ago +1 / -0

Would someone with a net worth of 3 million really be that upset to "donate" a half million if it would save the country?

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– inspoken 1 point 364 days ago +1 / -0

You should probably talk with the people who work with Antifa. They think like this, too. They think anyone with money is bad (except George Soros, of course) & should fork it over for programs like what you suggest. Obviously people don't have their money in cash & even if they did, who is going to trust the govt again? The only good part about your idea is that having to sell your house to pay this huge tax might spur a revolution, especially if it's coming from the 'white hats' if it's what you seem to suggest.

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– PhDinNY 1 point 364 days ago +1 / -0

I was just posting this as a hypothetical. If it absolutely would save the country, would it be worth it?

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– inspoken 1 point 363 days ago +1 / -0

If you were really interested in considering this hypothetical situation you would have addressed the issues I brought up. You didn't but just keep up with your barrage of virtue signally sort of "questions" You are obviously a troll with a more elaborate technique. I am impressed that you managed to stay here as long as you did. Looking at your other comments you are obviously being paid to try to "sow doubt" here. Nice try but you'll never get anywhere. Not here.

IDK if I want to bother the mods, though, they have enough going on as it is. Besides, you are certainly not going to 'convince' anyone here but it is a plus that you are draining George Soros of his money. While you are here, though, let us know how they work. Do they pay you per comment? per word? maybe per hour? How do they know you really made the comment? Do they have someone check over your 'work' or do they lock you in a room while you are typing away. You seem to start commenting at 8AM eastern time so I would guess that it's the last scenario ( a job you report to. ). If that's the case then they don't actually check your work so you are free to spill the beans a little about how your organization works. Do let us know a little bit about how your side works. I beg this of any goodness of you.

Thank you.

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– PhDinNY 1 point 363 days ago +1 / -0

Ok, you got me! I only get $100 per comment here, but since I make comments on five other conservative sites, I'm making more in a year than you probably will make in a lifetime! The Soros money is so easy!

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... continue reading thread?
▲ 1 ▼
– NanoKhuma 1 point 364 days ago +1 / -0

The national debt is not denominated in acres, stocks, sq footage, ect, so all of that has to be sold because very few of the rich actually keep just cash around. The mass fire sale of all this property deflates the price of those asset categories, so you have massive nationwide deflation of the currency, making the national debt actually harder to pay off, because dollars are worth more after your fire sale versus before.

This isn't even getting into the issue of paying the debt shrinking the money supply and thus the economy because of how money is actually made by the Federal Reserve. There isn't even enough M1 money supply ($18 trillion) to attempt your midpoint of $31.5 trillion because every dollar of debt paid is a dollar remitted back to the Federal Reserve.

Your plan would unironically be the final nail in the coffin by flat out killing the economy prematurely via massive asset deflation, while still having trillions of dollars of debt unpayable because there literally isn't enough USD in existance to pay it all.

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– PhDinNY 1 point 363 days ago +1 / -0

Thank you for a deeper dive than just the numbers. It's pretty funny that some other commenter is accusing me of being a Soros troll :) It's like he can't stand the idea of anyone posting hypothetical. although somewhat outrageous. scenarios.

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– PowderRoomPolitics 3 points 364 days ago +3 / -0

Ah, No! Only the ones who refuse to vote for any budget cuts. (This would likely keep only Rand Paul and Thomas Massie in along with a few Freedom Caucus members, but so be it.

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– brain_dead [S] 2 points 363 days ago +2 / -0

I can only count maybe 5-6% politicians not corrupt.

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– KnockKnockItsJinx 2 points 363 days ago +2 / -0

Methinks some of our bad impressions of Buffet could have been tinged with propaganda.

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– brain_dead [S] 1 point 363 days ago +1 / -0

Can't say for sure.

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